The Global and US Economy in A New Political Era

Larry Davidson

Friday, 1:00 pm – 4:00 pm

1/12/2018- 2/2/2018

4 weeks: $150 members/$188 non-members

By early 2018 we will know more about the economic impacts of new governments in the US, France, Britain and other countries. Our course will focus on actual macroeconomic policies and impacts in 2017 and predictions for 2018 and beyond. While the US will be the central focus of our discussions our reading materials will include analysis and data pertinent to the rest of the world.

This course is open to anyone who likes to learn about and follow global macroeconomic trends. Fully appreciating the latest news necessitates an approach that combines basic definitions with fundamental theories and the latest numbers and commentary. The professor will attempt to bridge a broad gap in education and experiences of the attendees. As past attendees know, time spent on any specific topic will be driven by the questions and comments of those attending.

The course will begin with a complete description of the global macroeconomic state of affairs in early 2018 as compared with economic performance in the years before. What follows are sessions that examine macroeconomic policies in key world regions relating to monetary, fiscal and international trade policies. Special attention will be paid to debates about policies deriving from different ideological viewpoints. These viewpoints are advanced without any desire to show prejudice to any one of them. They exist and influence policymakers so we should be well aware of them.

Lawrence S. Davidson

  • Professor Emeritus of Business Economics and Public Policy
  • Formerly W. Michael and William D. Wells Faculty Fellow
  • Professor of Business Economics & Public Policy
  • Director, IU Kelley Center for the Business of Life Sciences



  • B.S., Industrial Management, Georgia Institute of Technology, 1968
  • M.A., Economics, University of Arizona, 1971
  • M.S., Industrial Management, Georgia Institute of Technology, 1973
  • Ph.D., Economics, University of North Carolina, 1977

Since retiring in January 2010 from the Kelley School of Business, Davidson has been active writing his macroeconomics blog and teaching MBA students in Europe and Asia and most recently at the Foster School of Business at the University of Washington in Seattle. He was a regular visitor teaching statistics and economics in the MBA and EMBA programs at Sungkyunkwan University in Seoul. He was appointed Inaugural Director of the IU Kelley Center for the Business of Life Sciences. He was awarded the W. Michael and William D. Wells Faculty Fellowship in 2008. At Founder’s Day, March 2001, Professor Davidson received Indiana University’s John W. Ryan Award for distinguished contributions to international programs and students. Davidson started the Indiana Center for Global Business in 1989 an outreach center devoted to Indiana’s international economic development. Davidson taught in the Kelley School’s regular MBA, Kelley Direct, and Kelley Executive Partners programs. He also taught MBA students in Croatia, Germany, Finland, Hungary, Italy, and South Korea and central bankers in Vietnam. His research interests focus on the measurement and impacts of globalization and he conducted global industry analyses of several life sciences industries. He has also done many economic impact studies of sports and entertainment events. In his role as Kelley’s Life Sciences Liaison from 2005 to 2009, Davidson started several new internal and outreach programs including the Indiana Life Sciences Collaboration Conference Series, the IU Kelley Life Sciences Industry Board, and the Academy PLUS Life Sciences. He developed two new courses in the Business of Life Sciences that bring together industry experts, undergraduate business and MBA students, law students, and undergraduate and graduate students majoring in sciences and medicine. Davidson started his teaching career at Indiana University in 1976 and remained on the faculty of the Business School for almost 34 years. He was a visiting scholar at the St. Louis Federal Reserve Bank in 1980.